MARKETS / NASDAQ / NEXT
NASDAQ · NATURAL GAS TRANSMISISON & DISTRIBUTION · LARGE CAP

NextDecade Corp. NEXT

11 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
EPS · FY25
$-1.17
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-181.7%
Net margin · FY25
Dividend coverage
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Result
Revenue, FY2025 · full 11-year series below
Revenue Net income
2.5e-105e-107.5e-101e-090.0-0.420152018202120242025
2.5e-105e-107.5e-101e-090.0-0.42016201920222025

Per share
USD -1.17
Diluted EPS, FY2025
EPS
0.40.81.2-1.1720152018202120242025
0.40.81.2-1.172016201920222025

The company pays no cash dividend.

Profitability
-181.7%
Return on equity, FY2025
ROE
255075100-181.7%20152018202120242025
255075100-181.7%2016201920222025
Operating margin
Net margin
Return on assets-4.6%

Each USD of equity lost 182 cents this year.

Returned to shareholders
USD 16.9M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 16.9M
Share of profit-3.9%
Consecutive raises

USD 16.9M in buybacks went back to shareholders in a year without profit.

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Returned to shareholders
+117.8%
+32.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
0.000.2620152018202120242025
0.100.262016201920222025
Change, 5 years+35.0%
Change, 10 years

The share count grew 35% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 12.4B
total assets, end of FY2025
Total assetsUSD 12.4B
EquityUSD 95.3M
CashUSD 143.8M
Gross debtUSD 8.5B
Net debtUSD 8.4B
Current ratio0.54×

Net debt stands at 8776% of equity.

History
11 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.2
−0.2
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.2
−0.2
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
0.0
·
·
0.0
0.0
0.0
0.0
0.0
·
·
·
Net income $B
−0.4
0.3
−0.2
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
−1.17
−0.24
−0.94
−0.65
−0.34
−0.24
−0.45
−0.41
−0.35
−0.09
−0.14
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
−13
ROE %
−181.7
83.4
−129.5
−161.8
−54.9
−19.1
−41.5
−45.0
−41.3
−11.7
−10.1
Shares out B
·
0.26
0.26
0.14
0.12
0.12
0.12
0.11
0.11
0.10
0.00

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
33 of 33
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed